Financial Statements Bookkeeping and Reporting
Financial Statements Bookkeeping and Reporting (unaudited, unattested)
We Analyze Your Business Based On Average Industry Reports and Based On Your Reports
Understanding the client?s industry and business is one of the keys to the analysis.
Finding industry average gross profit margin and checking that the company?s Sales and COGS match average gross profit in the industry is only the beginning of analyzing. We check if sales are recorded in the proper period, calculations are correct and there are no overstated/understated sales or COGS.
Prior and current year comparison is another step in the analysis. Current ratios, for example, can not be outrageously different in a normal course of business. Are the liabilities understated or overstated? Does the interest expense match the total debt of the company?
We are?not auditors, nor CPAs.?We will?not compile, review, or audit your financial statement. ?Tax Bookkeeping Payroll, limited liability company? will simply analyze your financial statements by vouching, tracing, comparing, and confirming based on your permissions of what you will allow us to analyze.
Does Your Company Income Statement Look Like Thi$?
|Condensed Multi-Step Income Statement
For the Year Ended?December 31, Year 3
|?||Sales Allowances||? (63,500)|
|Cost of Goods Sold||(310,570)|
|?||Dividends||? ? ? ? ? ?0|
|Income from Continuing Operations||106430|
|Other Gains and Losses:||?|
|?||Loss on Sale of Equipment||(1,000)|
|?||Gain on Sale of Securities||9,070|
|?||Unrealized Gain on Available-for-Sale Securities||? ? ? ? ? 0|
|Income from Continuing Operations Before Income Tax||114500|
|Income Before Discontinued Operations||80150|
|Loss from Discontinued Operations:||?|
|?||Less: Income Tax Benefit||? ?17706|
|Net Income (Loss)||? ?38,836|
|Earnings per Common Share (rounded)||$0.57|